What is Ultrapar Participações S.A.'s Shariah compliance score?

Ultrapar Participações S.A.'s (UGP) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Ultrapar Participações S.A. pass AAOIFI screening?

Ultrapar Participações S.A. (UGP) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (UGP: 340.3%), (3) interest-bearing deposits below 30% (UGP: 109.5%), and (4) prohibited income below 5% (UGP: 1.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Ultrapar Participações S.A. stock?

Ultrapar Participações S.A. (UGP) has a non-permissible income ratio of 1.08%. Muslim investors should purify this percentage of any dividends received and capital gains realized from UGP shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Ultrapar Participações S.A. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ultrapar Participações S.A. (UGP) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about UGP's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

UGP: Is Ultrapar Participações S.A. Halal?

Ultrapar Participações S.A.

NYSEEnergyBR

$6.00

+3.27%

Market Cap: 6.4B

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Ultrapar Participações S.A. (UGP) halal? Not Halal. Based on AAOIFI screening, Ultrapar Participações S.A. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

340.3% of 30.0% limit

What this means for you

Most scholars advise not holding UGP

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Ultrapar Participações S.A.

Ultrapar Participações S.A. (UGP) is a Brazilian company with widespread operations in gas distribution, fuel supply, and logistics/storage. Its geographical reach extends across Brazil, Mexico, Uruguay, Venezuela, other Latin American nations, North America (US, Canada), the Far East, and Europe. Through its Gas Distribution division, the company delivers liquefied petroleum gas (LPG) to residential, commercial, and industrial clients. This service primarily focuses on the Southern, Southeastern, and Northeastern parts of Brazil. Ultrapar's Fuel Distribution arm is responsible for marketing and distributing a variety of fuels, including gasoline, ethanol, diesel, fuel oil, kerosene, and natural gas for vehicles, as well as lubricants. This segment also manages a network of convenience stores and provides specialized automotive services like oil changes. The Storage segment oversees liquid bulk terminals, predominantly located in Brazil's Southeastern and Northeastern regions. By December 31, 2021, Ultrapar's extensive infrastructure included 7,104 Ipiranga service stations, 1,841 AmPm convenience stores, and 1,149 Jet Oil franchised locations. Additionally, it maintained 4 distribution centers and 7 Ultracargo terminals, collectively offering a storage capacity of 983,000 cubic meters. Furthermore, Ultrapar provides digital solutions such as the Abastece Aí payment application and the Km de Vantagens customer loyalty program. Founded in 1937, Ultrapar Participações S.A. maintains its corporate headquarters in São Paulo, Brazil.

Sector: Energy · Industry: Oil & Gas Refining & Marketing

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Energy

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Propel Global Bhd

$0.08

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Trive Property Group Bhd

$0.02

+0.00%

0168.KLA+

BM Greentech Bhd

$1.87

+0.01%

0193.KLA+

Kinergy Advancement Bhd

$0.39

+0.00%

0215.KLA+

Solarvest Holdings Bhd

$2.98

-0.01%

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Frequently Asked Questions

Is Ultrapar Participações S.A. (UGP) halal to invest in?

Ultrapar Participações S.A. (UGP) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Ultrapar Participações S.A. get a F compliance rating?

Ultrapar Participações S.A. (UGP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 340.3% (limit 30%); interest-bearing deposits of 109.5% (limit 30%); prohibited income of 1.08% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Ultrapar Participações S.A.'s Shariah verdict?

Ultrapar Participações S.A.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Ultrapar Participações S.A. re-screened for Shariah compliance?

Ultrapar Participações S.A. (UGP) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 20, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.